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i mean, you play their clips before the election and after the election. and, as folks say, elections have consequences. and one of the consequences is, and the republican party recognizes, is that they need to support comprehensive immigration reform. now, hopefully, they can work that out. >> one of the things that i think you brought home during the democratic convention is the personal investment that many latino scitizens have and those that want to be in trying to attain the american dream. this is not something anti-american. this is pro-american by people that are citizens here. and want to see their families get what americans have promised the world. yeah, you know, so many times during these last couple of years for this immigration dewad debate has been raging. i've listened to americans talk about imgrants, in particular, latinos as though they're foreign and bring different values to the counsel tri. i represent san antonio. and we have latinos who have been here for generations. been serving in the military. been getting good education, they
i mean, you play their clips before the election and after the election. and, as folks say, elections have consequences. and one of the consequences is, and the republican party recognizes, is that they need to support comprehensive immigration reform. now, hopefully, they can work that out. >> one of the things that i think you brought home during the democratic convention is the personal investment that many latino scitizens have and those that want to be in trying to attain the...
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again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing on wall street. at this stage it looks like we got a gain of only 14 points for the dow. obviously we were higher than that, not much more but were higher earlier in the day. the nasdaq up by only eight points and the s&p finishing up by just a trickle of positive. well, ticktock. the market is closed. seems to be waiting once again for some clear signal on what's going to happen with regards to the fiscal cliff. how can you make money in the final trading sessions of the year amongst all this uncertainty? >> we have definite answers coming with our panel. back with us nathan bachrach from the financial network.
again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing...
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elections have consequences for both sides of the aisle. the president is very aware that he has a responsibility to now go to bat on immigration reform and it seems to be that in the house it's a small step. small private steps are being taken not by the people who put out press releases that don't really say much, but have lovely words to them. they're actually working on it. let's see. piecemeal, i think, will never work. >> margaret. >> i -- i think senator rubio's heart is pure on this, and i think he sees a great big huge bill trying to move it is harder than getting pieces that you can get coalitions on and get something through. you know, on the vote on that 44 point difference, you know, if republicans started speaking to latinos with some respect and not with words like self-deportation and let's fix -- let's close the fence as mccain did. they would be able to hear other parts of the republican message. you can't be sure that all of them are going to -- that they're not all going to be democrats one they're here in & here legal.
elections have consequences for both sides of the aisle. the president is very aware that he has a responsibility to now go to bat on immigration reform and it seems to be that in the house it's a small step. small private steps are being taken not by the people who put out press releases that don't really say much, but have lovely words to them. they're actually working on it. let's see. piecemeal, i think, will never work. >> margaret. >> i -- i think senator rubio's heart is pure...
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in the final tally, romney won 47% of the popular vote in the presidential election. all of this comments romney's comment to donors that 47% of the nation would never vote for them because they are too dependent on government services. >>> north korea just extended the launch period for a controversial rocket launch. now, the u.s. believes north korea uses launches like this to test technology for missiles that could be used to hit the u.s. but north korea insists the launches are only aimed at putting a satellite into satellite -- a satellite into orbit. >>> well, nelson mandela is in the hospital. he's getting care that's kint with -- that's consistent with his age, it's reported. he became south africa's first black president in 1994. he's now retired from public life. >>> coming up on 7:1. a sexual assault -- 7:18. a sexual lawsuit against the monetary fund could be settled in court. the lawsuit is against strauss- kahn by a housekeeper last year. today, the lawyers on both sides will update the judge on the status of the negotiations. >>> secret files on los ang
in the final tally, romney won 47% of the popular vote in the presidential election. all of this comments romney's comment to donors that 47% of the nation would never vote for them because they are too dependent on government services. >>> north korea just extended the launch period for a controversial rocket launch. now, the u.s. believes north korea uses launches like this to test technology for missiles that could be used to hit the u.s. but north korea insists the launches are...
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they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a tad hypocritical? we will deal with it next. streamline the proce? at fidelity, we it by merging two toolinto one, combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and ex points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated techcal analysis one more innovative reason seous investors are choosing fidelity. now get 200 free trades when you open an account. >> coming up tonight at 7:00 eastern, the obama middle east policy
they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a...
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he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address why you're in debt to begin with. long-term debt is baby boomers retiring putting pressure on medicare, medicaid and social security. i hope my party will look out for the country and not just the party itself and push the president to do something it has never done before, lead in bipartisan way. martha: white house said they came up with a trillion dollars in cuts. >> that is joke. that is a joke. have you seen any market reaction to their plan? they do nothing to keep medicare and medicaid
he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16...
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Dec 10, 2012
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although i think he would do better in a experienced election than a general election. he obviously has campaign apparatus, name id, et cetera, et cetera, thru br other candidates. it's not a slam dunk for him at all. >> if you look at it it's a different time than when he first ran. >> uh-huh. >> and won. he's been there six years. however -- four years? >> four years. >> bill: but a different time. he would be up against a different candidate? >> uh-huh. >> it would have to be a better candidate than martha cokely and et cetera tarnished by having lost to the elizabeth warren? >> he would have to run again? when is kerri's term up in three years, massive campaigns. >> deval patrick and ed markey veteran very popular powerful congressman, the 9th most powerful in terms of seniority who represents greater boston cham champ bridge area. he would be a formidable cabdate. >> and cot brown would like to move run for governor. they have a history of republican governors even before mitt romney, bill weld a bunch of others. >> that's not unheard of. >> it wouldn't be necessar
although i think he would do better in a experienced election than a general election. he obviously has campaign apparatus, name id, et cetera, et cetera, thru br other candidates. it's not a slam dunk for him at all. >> if you look at it it's a different time than when he first ran. >> uh-huh. >> and won. he's been there six years. however -- four years? >> four years. >> bill: but a different time. he would be up against a different candidate? >> uh-huh....
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>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a sound fiscal footing and change this trajectory that we're on, there perhaps could be some republican support for it. i'm not sure where i would come in. >> the -- part of the cliff that bothers you the most is that you'd like to do something with the sequester? or, if we were to sunset all the bush tax cuts? that would -- >> that would go -- republicans want to get rid of the deficit. that almost cures the deficit. and that was the rates that we had at one point. and they were supposed to sunset. and i guess there's never a good time. but what if they all sunsetted and you did
>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a...
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the election is over and what is next on the president's plate? possibly a new tax to carbon emission. michigan congressman and chairman . house and congress committee fred upton. >> good to be here. >> steve: i thought we tried to pass it and it didn't work out. the house under speaker pelosi passed it five and the senate couldn't get it done and it died. >> steve: how could this possibly come to pass? >> it seems as those who think maybe if a republican and we'll go along with it if it come the republicans. it is not coming from the republicans. we'll do our best to make sure it is not a mole to pop up again. >> steve: for people who don't understand the carbon tax. producers of things that go up in the sky have to pay extra. >> that's right. every consume yer businesses pay more . so as we are just beginning to come out of the recession. my state michigan 38 consectative monthses of unemployment it is another incentive to move those jobs somewhere else and we would pay a higher costs and none of the rest of the world would. talk about a bad ide
the election is over and what is next on the president's plate? possibly a new tax to carbon emission. michigan congressman and chairman . house and congress committee fred upton. >> good to be here. >> steve: i thought we tried to pass it and it didn't work out. the house under speaker pelosi passed it five and the senate couldn't get it done and it died. >> steve: how could this possibly come to pass? >> it seems as those who think maybe if a republican and we'll go...
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. >> we've contacted everybody in the states we could think of, and--you know, from elected officials to fbi to our local prosecutor. and everybody says, "yeah, obviously there's something wrong here. it was a scam, but to prove it is gonna be very difficult." >> safer: galbraith declined our request for an interview. canadian police now say he was running a ponzi scheme. do you blame yourselves at all? >> to a point. we just didn't find the--the red flags popping up. so we tried it, and then we lost. a lot. >> might as well went to vegas and put it all on red. >> (laughs) we would have a lot more fun. >> safer: at least in vegas, you know the odds always favor the house. elsewhere, even the most sophisticated among us can be had. for instance, our gullibility expert, stephen greenspan, who, after writing a book on the subject, discovered he'd lost $400,000 dollars of his retirement money to who else? bernie madoff. was it embarrassing for you? >> two days after i had the first book copy in my hand, i found that out. well, it was painful, obviously. >> safer: and the fact was, greensp
. >> we've contacted everybody in the states we could think of, and--you know, from elected officials to fbi to our local prosecutor. and everybody says, "yeah, obviously there's something wrong here. it was a scam, but to prove it is gonna be very difficult." >> safer: galbraith declined our request for an interview. canadian police now say he was running a ponzi scheme. do you blame yourselves at all? >> to a point. we just didn't find the--the red flags popping...
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handful of republicans have defied norquist and say they'll consider raising new revues, and 12 newly elected republicans in congress have refused to take the pledge at all. i'm lesley stahl. we'll be back next week with another edition of "60 minutes." captioning funded by cbs and ford-- built for the road ahead. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. ♪ oww! ♪ [ male announcer ] careful, you're no longer invisible in a midsize sedan. the volkswagen passat. winner of a motor trend midsize sedan comparison. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . . phil: previously on "the amazing race" -- 11 teams began a race around the world -- go! along the way they weric battles. >> go, go, go! phil: frueling challenges. >> they're so heavy. phil: and devastating defeats. >> you have your passport? >>
handful of republicans have defied norquist and say they'll consider raising new revues, and 12 newly elected republicans in congress have refused to take the pledge at all. i'm lesley stahl. we'll be back next week with another edition of "60 minutes." captioning funded by cbs and ford-- built for the road ahead. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a...
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he said the election was a seismic shift. i think it is important that both sides do not overplay their hands. i certainly understand the position of the democratic side is that president obama won election, by a pretty significant electoral margin, and also if you look at the data, the reason for that predominantly was the latino vote. indeed, i saw one statistic that if mitt romney had gotten the same percentage of the latino vote that george w. bush got, he probably would have a won. that is the case. you have to get it right with this demographic shift. republicans have to move quickly to compromise. democrats basically can hold our line and say, our way or the highway. i have heard that view. i have heard that much. there's another view on the republican side of what you hear is the president did but 48 percent did not support him. the house is still in control of the republicans and most of them, fortunately because of redistricting, which is unfortunate dynamic, most people in the house are in safe districts and will a
he said the election was a seismic shift. i think it is important that both sides do not overplay their hands. i certainly understand the position of the democratic side is that president obama won election, by a pretty significant electoral margin, and also if you look at the data, the reason for that predominantly was the latino vote. indeed, i saw one statistic that if mitt romney had gotten the same percentage of the latino vote that george w. bush got, he probably would have a won. that is...
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>> christie is in temporary quarantine because of his behavior in the last week of the election. he is in talk. -- detox. >> detox on the jon stewart show. >> you have bobby jindal, kelly ayotte, ted cruz -- unless you are barack obama, you don't imagine yourself as president before you even serve in this and it. [laughter] he will have to wait. obama, of course, is the one exception. but this is a strong young outfield. mitch daniels and in jeb bush on the outside. what this tells you is what could have been in 2012. you remember the line of it republican candidates earlier this year, it was not exactly a credit to the party. and 20 debate heard them. -- hurt them. >> the quarantined governor christie and the new jersey has a 72% favorable job rating among his constituents, the highest ever recorded by quinnipiac -- i mean, of any governor of any state. whenever republicans have done to shun him has worked very well in the garden state. [laughter] >> what about some of these other names? another democratic name? joe biden? too old? >> andrew cuomo. >> governor of maryland, marti
>> christie is in temporary quarantine because of his behavior in the last week of the election. he is in talk. -- detox. >> detox on the jon stewart show. >> you have bobby jindal, kelly ayotte, ted cruz -- unless you are barack obama, you don't imagine yourself as president before you even serve in this and it. [laughter] he will have to wait. obama, of course, is the one exception. but this is a strong young outfield. mitch daniels and in jeb bush on the outside. what this...
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voters approvaled legalization on election day and it took effect thursday. people headed to the space needle and staged what must have been a very laid back party. i want to bring in sally clark. she's the president of the city council there. she does have a sense of humor about this, but i'm sure she's a little worried because she doesn't know. sally, welcome. thanks for coming on. >> thanks, don. thanks for having me. >> i'd like to you listen to a journalist from the netherlands we spoke with last night, and i asked him about amsterdam's famously liberal drug policies and if your city should fear an increase in crime now that pot is legal. listen. >> they don't have to fear any increase -- that's my experience here in amsterdam, because what i told you, there's a nice atmosphere, a lot of foreigners are coming to buy their soft drugs. it's not heroin or cocaine. it's soft drugs, cannabis, marijuana, and there's strong regulations. people who are under 18 can't buy it. the mayor checks every coffee shops several times a year, the police is checking it. >>
voters approvaled legalization on election day and it took effect thursday. people headed to the space needle and staged what must have been a very laid back party. i want to bring in sally clark. she's the president of the city council there. she does have a sense of humor about this, but i'm sure she's a little worried because she doesn't know. sally, welcome. thanks for coming on. >> thanks, don. thanks for having me. >> i'd like to you listen to a journalist from the netherlands...
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they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing battling with cancer telling his people, quote, with god's will we will come out of this victorious. i have faith in that. that is a quote from chavez. >> gregg: arthel nevil, thanks. >> heather: as we mentioned we have just learned that president obama and house speaker john boehner met today at the white house to talk about ways to resolve the fiscal cliff. meanwhile, we have brand-new reaction from lawmakers from both sides of the aisle speaking out today with just weeks left to reach a deal and little reported progress. the fight appears to be mov
they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing...
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the people who lost this election are holding out for the top 2% and the people who won this election are fighting for the 98%. that is a vast majority of americans including small businesses. i think that a fairer tax rate could only benefit them. >> this is interesting. you put up a survey on your website asking if your constituents two questions. one, do you want to extend the tax rates for 98% of americans and 97% of businesses and raise rates for those making over $250,000. what have people been responding to you through the website? >> oh, the vast majority want a fairer tax rate as to what we had in the clinton tax years. we know that was a time of prosperity. we need to return to that. that is what the polls say. 65% of the american people support president obama's policy on this fiscal issue. >> congresswoman, as we look at the data that has come in and more specific data, since the election and breaking it down by demographic and ethnicity, i want to get your perspective as chair of the caucus because new census data found that for the first time there were more asian immigr
the people who lost this election are holding out for the top 2% and the people who won this election are fighting for the 98%. that is a vast majority of americans including small businesses. i think that a fairer tax rate could only benefit them. >> this is interesting. you put up a survey on your website asking if your constituents two questions. one, do you want to extend the tax rates for 98% of americans and 97% of businesses and raise rates for those making over $250,000. what have...
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when we asked -- these are exit polls from november 6, from the last election, of course. should same-sex marriage be legally recognized, yes, 49%, no, 46%. obviously, the country is closely divided on this. but we have seen a little bit of a shift in the numbers. brian, do you think that the time has come that attitudes about this have changed and the court will go with that change? >> no, i don't think that's the case at all. i mean, look, six months ago, north carolina voted by over 61% to protect marriage as the union of a man and a woman. of course, there were the four deep blue liberal statings that voted to redefine marriage, but that's an indication of the future of the you country. there is no constitutional right to redefine marriage. our founding fathers didn't see it that way, the last supreme court decision, the united states supreme court said there was no federal question here. so this is essentially making the law up as you go along, it is reading into the constitution. i do not believe the united states supreme court is going to launch another culture war,
when we asked -- these are exit polls from november 6, from the last election, of course. should same-sex marriage be legally recognized, yes, 49%, no, 46%. obviously, the country is closely divided on this. but we have seen a little bit of a shift in the numbers. brian, do you think that the time has come that attitudes about this have changed and the court will go with that change? >> no, i don't think that's the case at all. i mean, look, six months ago, north carolina voted by over...
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you can see the movement in primaries repubcans lost where they could have one of the general election, orn, supporting marco rubio early against charlie crist. the other hd written story is that you have two majo conservative figures leaving this week. you had dick armey leaving freedomworks, a very conservative outfit aligned with the tea party, and getting an $8 million buyouout. jim demint has gone fr the fourth poorest man in the senate's an institution, the heritage foundation, and more than $1 million. armey-demint --- they are like the congregationalist in hawaii. they came to do good, and they're doing very well. [laughter] >> with him leaving the senate and going to the hetage foundation, i think the intellectual level both places lifts up. now -- you got it. >> yeah, i got it. >> remember, heritage was the originator of the idea of the federal mandate for health insurance. >> he said we spend too much time concentrating on o obama and not our positions. don't forget that it was jim demint in 2009 who said that if we stop him on health care, this will be his waterloo. we will
you can see the movement in primaries repubcans lost where they could have one of the general election, orn, supporting marco rubio early against charlie crist. the other hd written story is that you have two majo conservative figures leaving this week. you had dick armey leaving freedomworks, a very conservative outfit aligned with the tea party, and getting an $8 million buyouout. jim demint has gone fr the fourth poorest man in the senate's an institution, the heritage foundation, and more...
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there was an election on these issues. there was an election on rates. the president was clear on raising the rate and he won. democrats expanded in the senate. it's not like this is a new debate. >> we talk about how the business community was at odds with the campaign. in terms of preventing a debt ceiling showdown, it may be his ally. >> a former health care adviser to the romney campaign, david k. johnston and joan walsh thanks for joining us. >> understanding the tragedy might be impossible. why dry? after this. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. sxz fi
there was an election on these issues. there was an election on rates. the president was clear on raising the rate and he won. democrats expanded in the senate. it's not like this is a new debate. >> we talk about how the business community was at odds with the campaign. in terms of preventing a debt ceiling showdown, it may be his ally. >> a former health care adviser to the romney campaign, david k. johnston and joan walsh thanks for joining us. >> understanding the tragedy...
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this past election i think is very pivotal. four states did it completely by popular vote. no court ruling on rights, public will. >> for the first time in 40 years, in four states, thanks to efforts of chad and a lot of other people, for the first time, there was a populous vote and the people spoke. they have never spoken in favor before. they're are really two ways, also equal pro-tukz tection und law and a fundamental right. this is an extraordinary time. >> two questions. one is doma, defense of marriage act. this administration won't defend it in the courts. if that gets struck down, what does that say to cases where people have been allowed to marry in the same gender. what happens if doma gets struck down by the court, 5-4, whatever. >> the ridiculously named defense of marriage act would be gone. >> what would it mean to a person married? >> that would bemean couples married in those states would be recognized by the federal government. would mean we still have a lot of work to do and depending how they rule in the prop 8 case we still need other states to move for
this past election i think is very pivotal. four states did it completely by popular vote. no court ruling on rights, public will. >> for the first time in 40 years, in four states, thanks to efforts of chad and a lot of other people, for the first time, there was a populous vote and the people spoke. they have never spoken in favor before. they're are really two ways, also equal pro-tukz tection und law and a fundamental right. this is an extraordinary time. >> two questions. one...
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the muslim brotherhood got elected not because they were islamists, they got elected because they did the social work that mubarak didn't do. they gave scholarships. they afford health care. they actually took care of people, gave them loans, and many other things. all that charity that they did wasranslated and transferred into voting. but when you go to, you know, the parliament and you become president, and also the majority of the parliament, and you tell people i want 20 impose on you islam, here the people will tell you no. and i think one of the most important and beautiful things about this revolution, the people didn't stop believing in the revolution and in the principles of democracy, dignity and a better live. >> rula jebreal, we're going to have to leave it there. >> thank you. >> i will i do hope you will come back. i appreciate you. >>> nelson mandela is in the hospital this saturday afternoon. more on his condition straight ahead. >>> first, though, republicans say don't you dare. democrats propose doing away with the debt ceiling all together. we're going to talk to o
the muslim brotherhood got elected not because they were islamists, they got elected because they did the social work that mubarak didn't do. they gave scholarships. they afford health care. they actually took care of people, gave them loans, and many other things. all that charity that they did wasranslated and transferred into voting. but when you go to, you know, the parliament and you become president, and also the majority of the parliament, and you tell people i want 20 impose on you...
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the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking about the threat that if you don't deal with it you will send the united states back to recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that struck me from pimco, the world's largest bond investor. they make informed bets on economies. here's what bill gross said about what's going on now in the u.s. he said, these structural headwinds cannot just be wished away as we move forward. whether it be to the right, the left or dead center. those are things
the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do....
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and he is getting a lot of backup from people who stood in long lines on election day to elect him. he's well aware of that. but i think that's where his heart is, too. this is not something new. this is something that he campaigned on. and he won on. if you look at the polling numbers, this is what the american people voted for. they said that the upper earners should be paying more. >> i'm curious, though, from the president's perspective, how important is a deal now whether it's just a deal or the deal that he wants in terms of his second term, his overall political power if you will? how does that play out? >> knowing the president as i do, i think it is very important to him that he gets a deal. but i also know that he believes that no deal is better than a bad deal. he also knows that if we go into 2013 and having to deal with this, we have even a better situation because of course the senate has more democrats there. and then we're dealing from a whole different perspective. but i believe very strongly, and i think all of us want a deal. keep in mind, there are some things we
and he is getting a lot of backup from people who stood in long lines on election day to elect him. he's well aware of that. but i think that's where his heart is, too. this is not something new. this is something that he campaigned on. and he won on. if you look at the polling numbers, this is what the american people voted for. they said that the upper earners should be paying more. >> i'm curious, though, from the president's perspective, how important is a deal now whether it's just a...
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if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back. 16 minutes past the hour. no one can be sure if the white house and congress will steer the country away from that so called fiscal cliff, which now is just 24 days away. but it's probably a good idea for you and your family to be prepared just in case. earlier, i spoke with stephanie rule of bloomberg tv about what could happen if the deal is not reached. >> people talk about the cliff like it's this major event, which it is. but almost like a y2k. from a paycheck perspective, you will see less money in your paycheck if we do fall off
if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn...
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whoever you would elect from west virginia they're going to vote a certain way on coal. and the fact that we now have this incredibly distributed development because of the fracking boom means a lot of different places now are geographically playing. that goes two ways. one way is we produce more senators from the state of west virginia and how they vote. the other is we produce this broad grassroots activactivism. >> look at this last election. why was president obama as muted as he was about climate and about oil and gas and coal production? well, virginia, colorado, ohio, pennsylvania. these are -- >> michigan. >> the way our electoral college is, we only worry about ten states invested in oil and fwas production. >> somes back to the economics as well. i look at my home state of pennsylvania where we had the early stages of huge boom of marcellus shale. hundreds of wells deployed. some companies are down to a couple wells. why? because the price has plummeted. the reason it's relevant to the politics is if this is a boom and bust, then those politics that get really
whoever you would elect from west virginia they're going to vote a certain way on coal. and the fact that we now have this incredibly distributed development because of the fracking boom means a lot of different places now are geographically playing. that goes two ways. one way is we produce more senators from the state of west virginia and how they vote. the other is we produce this broad grassroots activactivism. >> look at this last election. why was president obama as muted as he was...
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then prop 8 was passed in the general election putting a stop to it. so if the court just stops there, you're right. it would be a ruling that would apply only to california. if it decides to take that case and get to the constitutional question of whether any state for any reason can deny same-sex marriage couples the right to get married, then it would play nationwide. >> good to see you, pete. thank you. >> you bet. my pleasure. >> now the question of the day. what do you expect the supreme court to do on gay marriage. talk to me on twitter. my handle @alex witt. still ahead, 50 shades of green. >>> plus new questions surrounding the tragic turn in the royal radio hoax. you're watching "weekends with alex witt." ♪ [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you tak
then prop 8 was passed in the general election putting a stop to it. so if the court just stops there, you're right. it would be a ruling that would apply only to california. if it decides to take that case and get to the constitutional question of whether any state for any reason can deny same-sex marriage couples the right to get married, then it would play nationwide. >> good to see you, pete. thank you. >> you bet. my pleasure. >> now the question of the day. what do you...
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it's not just after this election. it goes back a good number of years, and it's not about some ideological i'm more conservative than you. it really is trying to figure out and marshal together those core principles that revolve around the economic realities that this country has to face. >> what's the fight about? >> the fight is about who gets to articulate it, who gets to decide and make the kind of decisions -- >> just personnel? >> it's not so much personnel as it is personality. >> wait a minute. let's step back. i want to bring in joy. looking at it from across the aisle, i know you're more progressive, to put it lightly. here is the story. you have demint out there running a candidate against mitch mcconnell to his right, almost beating him last time around, trying to move the party to the right. selecting candidates like sharron angle and some of the whackier ones like christine o'donnell. all around the country always trying to get several notches to the right of what we have. bob bennett, not right wing eno
it's not just after this election. it goes back a good number of years, and it's not about some ideological i'm more conservative than you. it really is trying to figure out and marshal together those core principles that revolve around the economic realities that this country has to face. >> what's the fight about? >> the fight is about who gets to articulate it, who gets to decide and make the kind of decisions -- >> just personnel? >> it's not so much personnel as it...
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>> the president is in this debate with the greater leverage by virtue of his re-election and the fact he campaigned the issue at the core of these negotiations, raising rates on high income. this report i don't see as changing the dynamic much at all. it was one of these reports that both side could and did day care from it what they wanted to. even at 146,000, that's not at a level high enough to be bringing back into employment a lot of people that lost their jobs. gwen: there's a public dynamic, which we just say -- saw, the president and speaker. then we hope, we assume, they're a private dynamic going on. what do we know about that? >> if you talk to the speaker of the house and his statue they say there are negotiations going on between the speaker and the president. on thursday the staffs met and hashed some things out. i'm told they're going to continue talks through the weekend now, so there's something going on here behind the scenes. what we don't know but publicly they continue to fire off artillery barrageses. part of it is they can't admit they have a deal until they hav
>> the president is in this debate with the greater leverage by virtue of his re-election and the fact he campaigned the issue at the core of these negotiations, raising rates on high income. this report i don't see as changing the dynamic much at all. it was one of these reports that both side could and did day care from it what they wanted to. even at 146,000, that's not at a level high enough to be bringing back into employment a lot of people that lost their jobs. gwen: there's a...
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and post election blues. that's the subject of this evening's talking points memo many believe the president has the upper hand in the fiscal cliff negotiations. if we gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think ta
and post election blues. that's the subject of this evening's talking points memo many believe the president has the upper hand in the fiscal cliff negotiations. if we gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats...
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it's not just after this election. it goes back a good number of years, and it's not about some ideological i'm more conservative than you. it really is trying to figure out and marshal together those core principles that revolve around the economic realities that this country has to face. >> what's the fight about? >> the fight is about who gets to articulate it, who gets to decide and make -- >> just personnel? >> it's not so much personnel as it is personality. >> wait a minute. let's step back. i want to bring in joy. looking at it from across the aisle, i know you're more progressive, to put it lightly. here is the story. you have demint out there running a candidate against mitch mcconnell to his right, almost beating him last time around, trying to move the party to the right. selecting candidates like sharron angle and some of the whackier ones like christine o'donnell. all around the country always trying to get several notches to the right of what we have. bob bennett, not right wing enough, john mccain not r
it's not just after this election. it goes back a good number of years, and it's not about some ideological i'm more conservative than you. it really is trying to figure out and marshal together those core principles that revolve around the economic realities that this country has to face. >> what's the fight about? >> the fight is about who gets to articulate it, who gets to decide and make -- >> just personnel? >> it's not so much personnel as it is personality....
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he is on the election side. so he is going to make sure that impure republicans are not getting through primaries, which are going to keep pushing them that much further to the right. i don't think he got any weaker by walking out of the senate. >> well, i guess it's how does it serve the republican party. these think tanks are supposed to be idea factories, effectively. can we actually imagine demint crafting a piece of viable legislation that has to deal with immigration reform or energy reform or any kind of reform period, ari? >> no. clearly not from his record. and i don't think he would claim otherwise. he is all about setting down standards, holding the line. not working towards losings. not trying to make government work. i mean what you can say about him he has been honest about his world view. it is a world view where we spend more time worrying billionaires and everyone else, and where government failure is sold as a success. that is literally the idea. and so they're going to go out now and try to do
he is on the election side. so he is going to make sure that impure republicans are not getting through primaries, which are going to keep pushing them that much further to the right. i don't think he got any weaker by walking out of the senate. >> well, i guess it's how does it serve the republican party. these think tanks are supposed to be idea factories, effectively. can we actually imagine demint crafting a piece of viable legislation that has to deal with immigration reform or...
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he's caught between the elected obama and the unelected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best read on chinese growth of all the companies i follow. in fact, joy global call
he's caught between the elected obama and the unelected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks...
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we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we have had time, the president has given republicans flexibility to come up with a credible, specific plans. what they offered in return was an empty letter, lacking in specifics. it was a manifestation of a lack in the republican caucus about the tax cut and no specifics in their planned, and not even senator mcconnell endorsed the plan. we can make a difference right now, by putting the middle- income tax issue up for a vote. democrats are unified on it. we have been discharged position to bring it to the floor. the only obstacle standing in the wake of middle-income tax relief is the republicans'' unwillingness for the top 2% to pay their fair share. this continues the tax cut. the clock is ticking. christmas is coming. the goose is getting fat. the fa
we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we have had time, the president has given republicans flexibility to come up with a credible, specific plans. what they offered in return was an empty letter, lacking in specifics. it was a manifestation of a lack in the republican caucus...
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. >> and this man, i did not realize we elected vampire to the senate. >> we didn't. this is william henry harrison. john tyler, 10th president had the most children, would you like to guess how many. >> 425. >> 14. >> 14. all right. who is this? >> our 18th president you lisses s grant. >> what does the s stand for. >> that's a great question. >> thank you. >> this doesn't seem fair. why does fdr get to sit down. >> i can lick him. >> you cannot. >> we're wearing almost the compaq same suit and tie t would be like licking myself. >> something i've also dreamed of doing. >> that i don't mind but not ronald reagan. >> i don't mind it either but all the hot-- isn't bringing that around. all right. i'm from the future. got to get out. >> can i lick him. >> no, please don't. >> why, you seem pretty up set just now. before you said no, now you seem up set. >> i'm getting up set. >> you're getting up set. why, why is this one so special, why does it up set you to ask if i can lick lincoln. >> you can't lick any of our wax figures. >> but this is the one that somehow broke t
. >> and this man, i did not realize we elected vampire to the senate. >> we didn't. this is william henry harrison. john tyler, 10th president had the most children, would you like to guess how many. >> 425. >> 14. >> 14. all right. who is this? >> our 18th president you lisses s grant. >> what does the s stand for. >> that's a great question. >> thank you. >> this doesn't seem fair. why does fdr get to sit down. >> i can lick...
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majority of states, four out of five states, the people have chosen to either vote themselves or their elected representatives to stick with traditional marriage. >> we definitely look guard to having a real actual legal marriage. definitely. >> chris and sandy say they have been through this twice now. they married in 2004 when the city and down i have to san francisco began issuing marriage licenses. but after they exchanged their vows they were notified their marriage had been voided. in 2008 they didn't larry for fear it would be revoked. they were right. six months later prop 8 passed. so now they wait again. this time with hope. >> today is a great day because we can see the potential for a really good outcome, but there is also the possibility of something different happening. so, we have to continue to temper our hopes and dreams a little longer. >> reporter: the supreme court will likely hear the arguments in march and have a decision by the end of june. there are nine justices. it is entirely possible they have nine differ opinions. one thing is for sure, this is an historic moment.
majority of states, four out of five states, the people have chosen to either vote themselves or their elected representatives to stick with traditional marriage. >> we definitely look guard to having a real actual legal marriage. definitely. >> chris and sandy say they have been through this twice now. they married in 2004 when the city and down i have to san francisco began issuing marriage licenses. but after they exchanged their vows they were notified their marriage had been...
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majority of states, four out of five states, the people have chose on the either vote themselves or their elected representatives to stake with traditional marriage. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in california and does not affect the rest of the country. >> movements are a mix of things and you have to kind of take the ups with the downs. >> reporter: the court will hear the marriage cases in march. a decision will probably come by the end of june. john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple
majority of states, four out of five states, the people have chose on the either vote themselves or their elected representatives to stake with traditional marriage. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in...